Quote from: AngelSky on July 25, 2013, 01:16:55 PM

Quote from: creativex on July 25, 2013, 12:56:18 PM

I don't have any more information about what will happen on the exchange than others have. I can assure virtual shareholders that I'll continue to do my job to the best of my abilities and that I'll continue to make decisions intended to protect and increase shareholder value. Obviously there are forces at work here that are beyond my control.

We all know here that you are doing your best to protect and increase shareholder value. What I'm suggesting is two or three things.

1) Make better announcements when something happens (new rig, new all-time-high, ...). I'm not asking you to make some Apple-like videos to communicate but small efforts here could give us some good rewards.
2) Even if things are beyond your control, make plans about what could happen. Per example, you are actually running BM under your own name. You can start asking yourself if it would be necessary to create a registred company to run your business and where you could locate your company to minimize the risks of some political changes that will come. Possibility to relocate your machines or not. etc..
3) Get some legal advices of what is the best for you at the moment and for the future (what we can expect).

I'm saying that because it seems to be always the same story. I think anticipation is the key to stay alive here.

What do you think ?

Patrick

I think...

1) Many here overestimate the effect of news announcements. This IMO is largely because they see large movements in the share price of companies that have very little actual results to proclaim. This does not include us and our daily dividend payouts are showing up everyday on the same screen that many are getting their news from...no spam needed. One needn't be adept at math to compare our yield to our competitors. Despite the fact that btct.co software is slow to show increases in yield it's still obvious to anyone where the payouts are even at a casual glance. I updated the front page days ago and I update the spreadsheet daily to reflect our current status. Btct.co links directly to both. All this said, I will work on a detailed news post to explain clearly where we stand. As many have already received their batch 3 Avalons, I've been hoping to include that in my next update...particularly as it would push our hash rate over 1Th/s.

2 - 3) I spoke with a corporate attorney yesterday about my personal risk profile. While I'm not at liberty to discuss the specifics of that conversation at this time, I will say simply that I'm seeking additional informed legal opinions before I make a decision. Managing this virtual company is not now nor has it ever been intended to be the job that puts bread on my table. I'm a family man with a career. I'll not be relocating to another country to protect a virtual company from a government that's plainly out of control. Compliance is difficult and expensive by design.